People in the News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

  Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

Search for Missing after Philippine Ferry Sinks, 38 dead

  Divers will search waters in the central Philippines on Friday for 15 people still missing after a ferry carrying 187 passengers and crew sank a day earlier,

Oil Steady After Glut-Driven Losses

Oil prices steadied on Thursday after a day of steep losses driven by an unexpected build in U.S. crude stocks that added to a global supply glut. Traders were

BP to Settle GoM Spill Claims - Bloomberg

BP Plc has reached an agreement with the United States and affected state governments to settle damages claim from the Gulf of Mexico oil spill in 2010, Bloomberg reported.

MOL Renames Group Ship Management Co.

  Mitsui O.S.K. Lines, Ltd. announced today that effective July 2, its wholly-owned ship management company for dry bulkers, New Asian Shipping Company, Limited

TORM's Restructuring Agreement Becomes Effective

As previously reported, TORM has obtained the creditor consents necessary to implement its Restructuring through an English law Scheme of Arrangement (cf. announcement no.

WISTA Seminar on Dry Bulk Receives Wide Response

  A Shipping Seminar on "Dry Bulk Chartering, Operations and Arbitration”  held on 27th June 2015 at the Narottam Morarjee Institute of Shipping, Nariman Point, Mumbai was well attended.

Giesselman Joins Twin Disc Board of Directors

Twin Disc, Inc. announced that its board of directors appointed Janet P. Giesselman to the company's board effective June 30, 2015.   Giesselman will finish the term of Malcolm Moore,

Chinese PM Inks 2 Agreements During CMA CGM Visit

The CMA CGM Group hosted the Chinese Prime Minister, the French Foreign Affairs Minister and a ministerial delegation at its headquarters in Marseilles, July 1, the global shipping company announced.

SUNY Maritime to Host e-Navigation Conference

The e-Navigation Underway 2015 – North America conference will be hosted by The State University of New York (SUNY) Maritime College from September 28 to 30 on the college’s Throggs Neck, N.

Twin Disc Names Moore Executive Vice President

Malcolm “Mac” Moore, 64, joins Twin Disc, Inc. as executive vice president of operations effective July 1, 2015, the company announced. In his new role, Moore will

High Fuel Demand Not Enough to Shore Up Crude

High refinery margins, remaining storage mask glut. Sales of transport fuels have exceeded all expectations this year, making demand from reviving economies

Shell Advances Deep Water GoM Play

Shell takes final investment decision for the Appomattox deep-water development in Gulf of Mexico. Royal Dutch Shell plc has announced the final investment

Gazprom: No Gas Interruptions to EU via Ukraine

Gazprom's Chief Executive Officer Alexei Miller said there were no interruptions in the supply of Russian gas to Europe through Ukraine, the news agency Interfax reported on Wednesday.

Union Vows More Channel Tunnel Disruption

Ferry workers will disrupt traffic through the sub-sea Channel tunnel between France and Britain for 48 hours from midday on Thursday, a union official said. "We

Statoil to Suspend Saipem Rig Contract

Norwegian oil major Statoil said on Wednesday it will suspend a rig contract with Italy's Saipem due to overcapacity in its rig portfolio. The suspension of

Oil Below $63 as Greece Defaults, OPEC 'Floods Market'

Greece misses 1.6 billion euro IMF loan repayment; OPEC, U.S. output rises to multi-year highs. Oil fell below $63 a barrel on Wednesday after Greece defaulted

China Launches Oil & Gas Trading Platform

A new trading platform for oil and gas was launched in China on Wednesday, state media reported, as the world's largest energy consumer looks to extend its influence over global commodity pricing.

Petrobras Promises Fail to Convince Investors

Brazilian state-run oil company Petroleo Brasileiro SA's long history of failed spending and output plans may be the biggest obstacle to its efforts to convince

Shell Steps Closer to Arctic Drilling

  The U.S. Fish and Wildlife Service authorized the nonlethal, incidental, and unintentional take of small numbers of polar bears and Pacific walrus that result

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